Ebay announces 30-day payment holiday for 300,000 businesses
Ebay has announced a 30-day payment holiday for all of the registered businesses on its platform to help SME’s keep their business running throughout the crisis.
Any of Ebay’s 300,000 registered businesses will receive a 30-day pay holiday, while any newly registered enterprises will not have to pay any fees to list or sell until May 31.
This will allow businesses to list up to 250 product listings each month for free, which is expected to help 99 per cent of all new seller listings.
Ebay says it will consider extending the measures further at the end of April.
“Small businesses are the backbone of Britain, but now more than ever, they need our support,” Ebay UK’s vice president Rob Hattrell said.
“If we don’t help them now, we risk losing a generation of successful SMEs and entrepreneurs.
“We recognise that the challenges are vast and wide-ranging for SMEs on Britain’s high streets, but while the offline world is on lockdown, a shift to online spending should represent a real growth opportunity and a vital lifeline.
“These are unprecedented times, but we must rise to the challenge to help ease the pressure that small businesses currently face. Now’s the time to be there when small businesses need us most, so that they can continue doing what they do best – safely, responsibly, and fairly.”
This morning Amazon announced similar measures, pausing loan repayments for its sellers until May and freezing interest.
Meanwhile Ebay says it has now taken down hundreds of seller accounts and nearly half a million listings over the past week as it ramps up efforts to tackle price gouging on its platform.
Yesterday the government announced plans to introduce new “wartime” measures to tackle profiteering on essential items.